China's Forex Reserves Plunge to More-Than-Three-Year Low

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

China's foreign-exchange reserves fell to the lowest level in more than three years in January, raising questions about how long Beijing can keep burning through the rainy-day funds to defend the yuan without triggering a huge flight of capital. The ...

Oil Prices Hold Steady In Line With Dollar

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Biman Mukherji Crude oil prices are holding steady in line with the U.S. dollar, but excess supply will likely keep a lid on gains. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded ...

India's Economy Expanded 7.3% Last Quarter -- Update

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Raymond Zhong NEW DELHI--India said its economy expanded 7.3% in last year's fourth quarter and is expected to grow 7.6% in the 12 months ending March 31, as household and government spending lift Asia's No. 3 economy amid flagging ...

Global Stocks Fall as Brief Oil Rally Fades -- 2nd Update

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Riva Gold Investors sold global stocks and plowed into government bonds Monday as oil prices resumed their downward trend. In volatile trade, the Stoxx Europe 600 was down 2.3% late morning, reversing an early bounce. After five consecutive sessions ...

OECD Leading Indicators Point to Slowing Japanese Growth

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

Japan's economy may slow over coming months, while there are signs that China's economy is stabilizing, according to leading indicators released Monday by the Organization for Economic Cooperation and Development. The Paris-based research body said its gauges of future economic ...

Pfizer Outlines Post-Allergan Merger Management Slate

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Lisa Beilfuss Pfizer Inc. on Monday unveiled its slate of executives who will run the combined company after it closes its roughly $150 billion inversion deal to buy Allergan PLC. As previously announced, Allergan's chief executive, Brent Saunders, will ...

Asian Rubber Futures End Lower on Light Volumes

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Lucy Craymer Tokyo rubber futures fell sharply on low volumes as most markets across Asia were closed for the Lunar New Year holiday. Gu Jiong, an analyst at Yutaka Shoji, said that light volumes across the market were exacerbating ...

Old Mutual Sells Rogge Global Partners for Undisclosed Sum

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Ian Walker LONDON--London and Johannesburg-listed financial services firm Old Mutual PLC (OML.LN) said Monday it is selling Rogge Global Partners, a fixed income asset-management business with 24.1 billion pounds ($34.45 billion) of funds under management, to Allianz Global Investors ...

India's Economy Expanded 7.3% Last Quarter -- 2nd Update

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Raymond Zhong NEW DELHI--India said its economy expanded 7.3% in last year's fourth quarter and is expected to grow 7.6% in the 12 months ending March 31, as household and government spending lift Asia's No. 3 economy amid flagging ...

Dow Pares Losses to End Volatile Session Off 1.1%

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Dan Strumpf and Riva Gold The flight from risky assets accelerated Monday as the Dow industrials declined nearly 200 points and gold prices logged their biggest one-day gain in more than a year. The Dow Jones Industrial Average shed ...

U.S. Government Bond Yields Slip Amid Continued Global Volatility

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Christian Berthelsen Investors flocked to U.S. government bonds Monday as global markets fell into another risk-off funk, with European and U.S. stocks in a sharp selloff and oil prices falling once again. The yield on the U.S. 10-year Treasury ...

Clearinghouse Declares German Bank Maple in Default

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

Days after central banks initiated a stress test of two trade-plumbing firms in Europe, LCH.Clearnet Group Ltd. said a German bank had defaulted on its financial obligations at the clearinghouse operator. Martin Pluves, chief executive officer at LCH, declared Frankfurt-based ...

France Says It Could Increase Alstom Stake

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Nick Kostov PARIS--France said Monday it could increase its stake in French industrial group Alstom SA after an agreement with conglomerate Bouygues SA went into effect. Following the Bouygues pact, the government will have voting rights equivalent to 20% ...

Dow Pares Losses to End Volatile Session Off 1.1%

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Dan Strumpf The flight from risky assets accelerated Monday, pummeling shares of big global banks and sending gold prices to their biggest one-day gain in more than a year. The Dow Jones Industrial Average fell as much as 401 ...

China's Central Bank Injects More Cash

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

China's central bank pumped more short-term funds into the country's financial system on Saturday, as a surge in demand for cash ahead of the Lunar New Year holiday is starting to squeeze banks' liquidity. Wary of a potential funding shortage ...

Millicom Sells Congo Business to Orange for $160 Million

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Dominic Chopping STOCKHOLM--Millicom International Cellular S.A. (MIC-SDB.SK) said Monday it has agreed to sell its Tigo business in the Democratic Republic of Congo (DRC) to Orange S.A., for $160 million in cash. Mauricio Ramos, Chief Executive of the Stockholm-listed ...

Global Stocks Fall as Brief Oil Rally Fades

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Riva Gold Investors sold global stocks and plowed into government bonds Monday as oil prices resumed their downward trend. The Stoxx Europe 600 was down 2.7% halfway through the session, reversing an early bounce. After five consecutive sessions of ...